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What is the mechanism to deal with the injury caused to the domestic country due to tariff reduction?

Posted On February 22, 2016 by &filed under .

What is the mechanism to deal with the injury caused to the domestic country due to tariff reduction?

Both the parties can resort to bilateral safeguards measures in the event of increased imports as a result of tariff reduction which causes or threatens to cause serious injury to the domestic industry. While the measure is to be imposed after due investigation, it can be in the form of

Suspension of further reduction of duty

Increase of tariffs upto the MFN level

On anti-dumping measures, both Parties would conduct all investigations against goods dumped from the other Party keeping in view the recommendations of the WTO Committee on Anti-Dumping Practices as well application of the lesser duty rule (LDR) and prohibition of zeroing.

Advantages of obtaining trademark registration-

Prima-facie evidence of ownership of the trademark.

Important asset for your business or company and contributes to the goodwill generated.

Gives you stronger enforceable rights to prevent others from using the trademark in connection with the goods or services for which it is registered.